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July/August

Study shows industry doing better on gender diversity

By Linda Hsieh, Editor & Publisher While ESG has become the top buzzword in our industry over the past couple of years, sometimes there can be such an overwhelming focus solely on “environment” that we forget ESG encompasses more than just the carbon footprint. “Social” and “governance” are also key pillars of ESG, and investors are increasingly looking at what organizations are doing to advance diversity, inclusion and equity in their workforce. In June, the Energy Workforce and Technology Council (formerly PESA and AESC) issued its 2021 Inclusion & Diversity Study. It recognizes that diversity is important not only because of increasing scrutiny by investors, but also because it leads to more innovation, and we know that innovation (or the ...

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Drilling & Completion News

Transocean, Jurong Shipyard agree to delay delivery, defer payments of two drillships In early June, Transocean announced an agreement with Jurong Shipyard (JSPL) to delay delivery of the ultra-deepwater drillships Deepwater Atlas and Deepwater Titan. As part of the agreement, JSPL will accept deferred payment for both rigs. The Deepwater Atlas and Deepwater Titan are the world’s first eighth-generation ultra-deepwater drillships and the only rigs to feature a 3 million-lb hookload. They will also include the first 20,000-psi well control systems. Delivery of the Deepwater Atlas is now expected in December 2021. Upon delivery, Transocean will make a $50 million payment to JSPL; the balance of payments, or approximately $370 million, will be payable during a five-year period following delivery. ...

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TotalEnergies aims to ‘pioneer a new way of drilling’ with DrillX

Operator working to ‘fundamentally reimagine’ its drilling business through the 3 pillars of smart data, smart engineering and smart operations By Stephen Forrester, Contributor While the drilling industry has made significant progress on how wells are drilled, particularly through the implementation of new downhole tools and systems, TotalEnergies believes the drilling discipline requires a holistic evolution in order to meet changing needs and expectations. To ensure continued leadership in the technology domain while delivering wells more safely and cost effectively, the operator believes it is critical to have modern, integrated and automated tools to better leverage real-time well data. To that end, the company’s Drilling & Wells group has put its whole weight behind its DrillX initiative to spearhead TotalEnergies’ digital ...

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Industry seeks new ways to unlock data, drive optimization

More companies turning to AI-enabled and open-source platforms, both to gain insights from available data and to deploy those insights at scale By Stephen Whitfield, Associate Editor The drilling industry is now inundated with more real-time drilling data than ever before, collected through new and existing downhole and surface sensors. However, many organizations have been frustrated in their efforts to realize wide-scale benefits from this plethora of data in terms of improved performance, cost and time savings, often due to the difficulties in sorting and analyzing that data.  To help organizations accelerate the value generation from data, a host of new technologies and platforms have been developed in recent years focusing on real-time data management, remote operations and artificial intelligence ...

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Editorial: Industry and policymakers must jointly create predictable legislative, regulatory environment

As our industry is in the midst of monumental change, it’s never been more important for the energy services sector to speak with a unified voice. Around the globe, politicians, industry leaders and investors are impacting the future of energy. Only by working together will we be able to craft realistic public policies to meet the world’s growing need for reliable, abundant, affordable and cleaner energy.  To this end, the merger of the Petroleum Equipment & Services Association and the Association of Energy Services Companies was initiated to strengthen our voice in this critical conversation. The combined entity, the Energy Workforce & Technology Council, represents more than 600 companies and 600,000 employees in the energy services sector of the oil ...

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Environment, Social and Governance

Floating wind, hydrogen proposal aims to accelerate decarbonization of UK offshore oil and gas assets A UK-based company called Cerulean Winds has proposed a plan to help accelerate the decarbonization of oil and gas assets on the UK Continental Shelf (UKCS). The £10 billion proposal calls for a 200-turbine floating wind and hydrogen development, which the company says can abate 20 million tonnes of CO2. A formal request for seabed leases has been submitted to Marine Scotland. The proposed development involves: • Over 200 of the largest floating turbines at sites West of Shetland and in the Central North Sea, with 3 GW/hr of capacity; this would feed power to offshore facilities and in excess of 1.5 GW/hr of power ...

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Interactive videos, mobile app and better red zone management among KCA Deutag initiatives to strengthen drops prevention

By Stephen Whitfield, Associate Editor Dropped objects, or drops, still present one of the biggest hazards in upstream oil and gas. According to Kenny Adams, Head of Land Drilling QHSSET at KCA Deutag, more than 60% of all high-potential incidents (HIPOs) in the industry are related to drops, and they continue to account for many fatal and potentially fatal incidents.  Speaking at the virtually held 2021 IADC Drilling HSE&T Asia Pacific Conference in May, Mr Adams discussed some of the systems and training KCA Deutag has introduced to bolster its dropped object prevention scheme (DROPS), as well as how the drilling contractor has adopted these systems into its organization. These initiatives include interactive DROPS awareness training media, a DROPS Inspection ...

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KCA Deutag deploys artificial intelligence to extract lost-time insights from daily drilling reports

Analysis of massive amounts of unstructured comments provides continuous opportunities to help operators identify root causes of NPT, invisible lost time By Jessica Whiteside, Contributor KCA Deutag is on a mission to make drilling operations more efficient and cost-effective through the application of artificial intelligence (AI) technologies. The company’s latest machine learning tool uses natural language processing to enable bulk analysis of text-based drilling reports to illuminate systemic causes of costly lost time. Now implemented on over 91% of the KCA Deutag-operated rig fleet, the machine learning model uses a sophisticated algorithm to assess textual comments submitted to the company’s existing enhanced drilling reporting system (EDRS). Usually, the unstructured nature of such written comments would make them difficult to analyze. ...

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Nabors: Workflows must transform to maximize value of automation

Drillers should be given tools to automate repetitive tasks as rig environment becomes increasingly complicated By Drew Curran and Blakley Farrow, Nabors For decades, advances in the drilling industry have focused primarily on equipment that made manual labor more efficient and safer. But these days, all eyes are focused on automation. There is broad consensus that automation is the linchpin of the oil and gas evolution and that, when you seamlessly connect workflows, you take automation to a new level. Industrywide, companies have significantly improved the way they gather data that originate from workflows, but the reality is most companies have more data than they know what to do with. Consider the rig instrumentation and controls system that impact multiple ...

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News Cuttings

IADC works to convey member concerns on Saudi Arabia’s MODU reflagging requirement, obtains 3-year exemption More than two years ago, the Kingdom of Saudi Arabia (KSA) introduced a new Commercial Maritime Law, via a Royal Decree no. M/33, requiring all offshore ships and vessels to be registered under the KSA flag to continue operations in Saudi waters. Initially scheduled to take effect in July 2019, these regulations were decreed as part of the Saudi Vision 2030 initiative to, among other things, develop the KSA as a maritime and logistics hub. The new law modernizes commercial laws dating back to the 1930s. With almost 400 new articles, this constituted a considerable regulatory overhaul for the commercial maritime industry by the KSA ...

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